Hi there,

Happy Monday! Here's what we're watching in business and tech news this week: 

• Nike reports earnings on Tuesday. Gains from increased demand for new lines are likely to have been wiped out due to the coronavirus’ impact on supply chains. The retailer was one of the first to close stores amid the outbreak. Chipmaker Micron Technology and athletic apparel company Lululemon report Q4’19 earnings this week as well. 
   

• Thursday’s weekly jobless claims report could show the sharpest unemployment rise ever seen in the US. A Goldman Sachs analysis forecast an unprecedented 2.25M applications for unemployment benefits for last week, the largest week-to-week increase and a new record for weekly claims. Some predictions are forecasting that up to 5M jobs could be lost this year alongside a $1.5T drop in US economic output. 
   

• Expect discussion around the status of the 2020 Summer Olympics to heat up this week. According to news citing a senior member of the International Olympic Committee, the Tokyo event is likely to be postponed after mounting pressure from participating teams. This is just one of many events that have been postponed or canceled, including the annual art/music/tech conference South by Southwest and healthcare IT conference HIMSS. Clients can filter for SXSW and HIMSS exhibitors in our  Conference Exhibitors Expert Collection. 
   

• Look for news around a near-instant COVID-19 test as new kits arrive this week. Diagnostic test maker Biomerica began shipping samples of its 10-minute coronavirus test last week, as biotech cos ramp up in the race to cover gaps in diagnostics, treatment, and more. For more on how healthcare startups are combatting COVID-19, check out our research on how the coronavirus could affect startup funding, how it’s impacting seed funding, and  how telehealth startups are filling in gaps in pandemic care.

We're (not) soarin', flyin'

Seed-stage funding is projected to plunge 22% in Q1’20 from Q4’19.

We dig into how COVID-19 is impacting seed funding here.

We made it in America

Startups have spread beyond Silicon Valley to the rest of the US, though their futures remain uncertain amid the pandemic.

Take a look at the top-funded startup in each state here.

Look at all the innovation
 

Medical device startups raised more than $10B in funding for the third year in a row. 
 

From robots for surgeries to VR for neural recovery, Expert Intelligence clients can check out 100+ of the most well-funded medical device startups here.

I love you.

P.S. Interested in covering health tech? We're looking for an experienced healthcare analyst.